Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Ener1 Announces Supply and Distribution Agreement with Lightning Motorcycles

Abstract:
Ener1, Inc. (NASDAQ: HEV), a leader in lithium-ion energy storage solutions, today announced a supply and distribution agreement with Lightning Motorcycles, the maker of the world's fastest production electric motorcycle. As part of the agreement, Ener1 will supply Lightning Motorcycles with its automotive-grade, lithium-ion battery cells -- designed for plug-in hybrid electric vehicles -- for use in its Lightning SuperBike. Ener1 will also supply cells for Lightning's commuter motorcycle and scooter, which will be developed over the next few years.

Ener1 Announces Supply and Distribution Agreement with Lightning Motorcycles

New York, NY | Posted on July 28th, 2011

Consumer demand for e-bikes is expected to continue its growth trajectory. According to a 2010 report published by Pike Research, the global market for electric two-wheeled vehicles, including e-bikes, e-scooters, and e-motorcycles, will grow at a compound annual rate of nine percent through 2016. Lightning Motorcycles is expecting to answer some of that demand by first introducing a street-legal version of its record-holding Lightning SuperBike, which became the world's fastest production electric motorcycle with the FIM and AMA official world record of 173.388 mph during the world finals in October last year.

"We've tested many different battery solutions over the last year, including Ener1 and several of its competitors," stated Richard Hatfield, founder of Lightning Motorcycles. "The Lightning data and test results showed us that Ener1's lithium-ion batteries far out-perform those from competing companies, which is why we've switched to using their cells in our electric motorcycles. Lightning Motorcycles is committed to using what we believe to be the most powerful, safest, best-of-breed batteries on the market, which is why we're also extremely pleased to be representing Ener1 as an official distributor."

Lightning Motorcycles has been distributing electric parts and components for several years with a strong focus on and knowledge of serving the electric motorcycle and light-duty vehicle markets. In addition to the supply relationship, Lightning Motorcycles will also serve as an end-user distributor for Ener1's PHEV and EV lithium-ion cells.

"Lightning Motorcycles has an impressive pedigree in designing and developing electric motorcycles that win races, including the inaugural American TTXGP championship last year," stated Chris Cowger, president, Ener1, Inc. "It's that kind of experience that will help propel electric motorcycles to be on par with gas-powered motorcycles. We're pleased that Lightning has chosen Ener1's lithium-ion batteries to power their record-holding SuperBike, as well as future e-bike development projects. We also anticipate that Lightning's knowledge and relationships in the industry will help us sell more PHEV and EV cells and energy storage solutions into the growing e-bike market."

####

About Ener1, Inc.
Ener1, Inc. is a publicly traded (NASDAQ: HEV) energy storage technology company that develops compact, lithium-ion-powered battery solutions for the transportation, utility grid and industrial electronics markets. Headquartered in New York City, the company has nearly 700 employees with manufacturing locations in the United States and Korea. Ener1 also develops commercial fuel cell products and nanotechnology-based materials.

Safe Harbor Statement

Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

For more information, please click here

Contacts:
MEDIA CONTACT
Brian Sinderson
212-920-3500 X117

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Tiny sensor lays groundwork for precision X-rays detection via endoscopy:Nanoscale fiber-integrated X-ray sensor opens new doors for medical imaging and radiotherapy March 29th, 2017

Researchers uncover secret of nanomaterial that makes harvesting sunlight easier March 29th, 2017

Information storage with a nanoscale twist: Discovery of a novel rotational force inside magnetic vortices makes it easier to design ultrahigh capacity disk drives March 28th, 2017

A big leap toward tinier lines: Self-assembly technique could lead to long-awaited, simple method for making smaller microchip patterns March 27th, 2017

Announcements

Tiny sensor lays groundwork for precision X-rays detection via endoscopy:Nanoscale fiber-integrated X-ray sensor opens new doors for medical imaging and radiotherapy March 29th, 2017

Researchers uncover secret of nanomaterial that makes harvesting sunlight easier March 29th, 2017

Information storage with a nanoscale twist: Discovery of a novel rotational force inside magnetic vortices makes it easier to design ultrahigh capacity disk drives March 28th, 2017

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX Technology Platform: Leading-edge I-fuse brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Automotive/Transportation

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX Technology Platform: Leading-edge I-fuse brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

New nanofiber marks important step in next generation battery development March 14th, 2017

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

New nanofiber marks important step in next generation battery development March 14th, 2017

Imaging the inner workings of a sodium-metal sulfide battery for first time: Understanding how the structural and chemical makeup of the material changes during the charge/discharge process could help scientists advance battery design for future energy storage needs March 9th, 2017

Tweaking electrolyte makes better lithium-metal batteries: A pinch of electrolyte additive gives rechargeable battery stability, longer life March 2nd, 2017

Alliances/Trade associations/Partnerships/Distributorships

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX Technology Platform: Leading-edge I-fuse brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Leti and HORIBA Scientific to Host Webinar on Ultrafast Characterization Tool: Plasma Profiling Time-of-Flight Mass Spectrometer Tool Cuts Optimization Time In Layer Deposition and Fabrication of Wide Range of Applications March 27th, 2017

AIM Photonics Welcomes Coventor as Newest Member: US-Backed Initiative Taps Process Modeling Specialist to Enable Manufacturing of High-Yield, High-Performance Integrated Photonic Designs March 16th, 2017

Applied Graphene Materials plc - Significant commercial progress in AGMs three core sectors March 3rd, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project